Compensation - McGraw-Hill Introduction to Business

California Passes Law to Protect Gig Economy Workers

September 19, 2019

On Wednesday, California Governor Gavin Newsom signed a landmark labor law that guarantees wage and benefit protections for gig economy workers. The primary targets of this legislation are the state’s many Uber and Lyft drivers who are currently classified as independent contractors. When the new law comes into effect next year, the state will reclassify these contracted workers as regular employees entitled to a minimum wage, sick days, and other benefits.

“Today the so-called gig companies present themselves as Continue reading →

Compensation, Lyft, Silicon Valley, Gig economy, Regulation, Ethics, Transportation, Labor Relations, Uber

Chapter 1: Taking Risks and Making Profits, Chapter 4: Ethics and Social Responsibility, Chapter 11: Human Resource Management, Chapter 12: Labor Management and Unions, Bonus Chapter A: Business Law, Bonus Chapter B: Technology and New Media

[VIDEO] How Minimum Wage Works in the U.S.

September 5, 2019

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In recent years, progressive policymakers have advocated to increase the minimum wage across the nation while other legislators oppose the measure entirely. Along with looking at the reasoning behind both sides, this video also explains how foreign countries deal with the complicated issue of the minimum wage.

Questions:

How does minimum wage policy in the U.S. differ from other countries?
Should the U.S. develop a minimum wage system that is tied to inflation? Why or why not?

Economics, Management, Motivation, Ethics, Regulation, Entrepreneurship, Minimum Wage, Compensation

Chapter 1: Taking Risks and Making Profits, Chapter 2: Economics, Chapter 4: Ethics and Social Responsibility, Chapter 6: Entrepreneurship, Chapter 7: Management & Leadership, Chapter 10: Motivation, Chapter 11: Human Resource Management, Bonus Chapter A: Business Law

Popeyes Sells Out of Blockbuster Chicken Sandwich

August 29, 2019

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On August 12, Popeyes announced that it was adding a new chicken sandwich to menus across the nation. The first of its kind at the fast food chain, Popeyes said this was its biggest product launch in more than 30 years. The sandwich soon became a hot topic on social media and grabbed the attention of more than just hungry customers. In the days following the launch, Chick-fil-A started a social media feud with Popeyes over which chain had the Continue reading →

Uber and Lyft Drivers Strike for Improved Pay

May 10, 2019

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Today, Uber will start to trade shares on the New York Stock Exchange in one of the mostly highly anticipated IPOs ever. Although the ride-hailing service had been pushing for a $100 billion valuation, it began the day trading at $45 per share, amounting to a valuation of about $82.4 billion. This enormous windfall will create instant fortunes for those who invested early in Uber. For the company’s millions of drivers, however, it’s unlikely they will benefit that much from Continue reading →

Regulation, Global, Uber, Ethics, Lyft, Labor Relations, Strikes, Compensation

Chapter 1: Taking Risks and Making Profits, Chapter 3: Globalization, Chapter 4: Ethics and Social Responsibility, Chapter 11: Human Resource Management, Chapter 12: Labor Management and Unions, Bonus Chapter A: Business Law

Nike Faces Fallout after NCAA Star’s Shoe Splits

February 22, 2019

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On Wednesday night, two of the biggest teams in college basketball faced off in what many described as the game of the season. While Duke versus North Carolina is always a marquee matchup, this particular game had another unmissable element added to it: freshman forward Zion Williamson. With his remarkable combination of size and speed, basketball analysts almost unanimously agree that he is the favorite to be picked first in the NBA draft this summer. Unfortunately, Williamson’s night in the Continue reading →

Ethics, Nike, Social Media, Labor Relations, Compensation, Marketing, Sports

Chapter 1: Taking Risks and Making Profits, Chapter 4: Ethics and Social Responsibility, Chapter 12: Labor Management and Unions, Chapter 13: Marketing, Chapter 14: Product and Price, Bonus Chapter B: Technology and New Media

Higher Wages Lead to Long-Term Savings at Illegal Pete’s

February 21, 2019

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Since its founding in 1995, the Colorado-based chain Illegal Pete’s has expanded to 11 locations throughout the state thanks to its delicious Mission-style burritos. According to founder Pete Turner, though, the company’s employees have played just as vital of a role in its success story. So in 2011 he decided to show his appreciation by gradually raising wages across the board. “After 15 years, we were able to look forward and say, ‘What do we want this business to look Continue reading →

Entrepreneurship, Human Resources, Compensation, Colorado, Motivation, Food & Drink, Ethics

Chapter 1: Taking Risks and Making Profits, Chapter 4: Ethics and Social Responsibility, Chapter 6: Entrepreneurship, Chapter 10: Motivation, Chapter 11: Human Resource Management

CBO Says Government Shutdown Cost $11 Billion

January 29, 2019

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From December 22, 2018, up until last Friday, the federal government remained shut down due to a budget dispute between the White House and congressional Democrats. During the course of this 35-day shutdown, thousands of federal employees either worked without pay or were sent home until the government reopened. And according to a new report from the bipartisan Congressional Budget Office (CBO), the shutdown cost the U.S. economy an estimated $11 billion.

The report says that most of the lost Continue reading →

Regulation, Economics, Government shutdown, Operations Management, Legal, Ethics, Compensation

Chapter 1: Taking Risks and Making Profits, Chapter 2: Economics, Chapter 4: Ethics and Social Responsibility, Chapter 9: Production and Operations Management, Chapter 11: Human Resource Management, Bonus Chapter A: Business Law

Amazon Will Pay Employees a $15 Minimum Wage

October 4, 2018

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Amazon’s market capitalization recently hit $1 trillion, placing the e-commerce giant on a level of success shared only with Apple. What’s more, last year the company’s revenue topped out at $178 billion, about a 40 percent increase from 2016. These factors allowed CEO Jeff Bezos to claim the title of world’s richest person as his net worth climbed past the $150 billion mark.

According to critics, though, Amazon’s workers have been largely left out of this bonanza of profit. Continue reading →

Management, Ethics, Retail, Human Resources, Amazon, Unions, E-commerce, Labor Relations, Compensation

Chapter 1: Taking Risks and Making Profits, Chapter 4: Ethics and Social Responsibility, Chapter 7: Management & Leadership, Chapter 10: Motivation, Chapter 11: Human Resource Management, Chapter 12: Labor Management and Unions

Computer Glitch Causes a $10 Million Problem for American Airlines

December 21, 2017

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Much like this year’s Thanksgiving season, the last week of December will see record numbers of travelers hitting the road or heading to the airport for the holidays. Along with more than 97 millions drivers, AAA estimates that some 6.4 million people will fly to their destinations. Due to a computer glitch, however, thousands of passengers who booked flights with American Airlines nearly missed out on being a part of this massive crowd of travelers.

The company’s problems came Continue reading →

Vacation, Unions, American Airlines, Labor Relations, Compensation, Transportation, Travel

Chapter 1: Taking Risks and Making Profits, Chapter 7: Management & Leadership, Chapter 11: Human Resource Management, Chapter 12: Labor Management and Unions, Bonus Chapter B: Technology and New Media

Hotel Housekeepers Frequently Miss Out on Tips

November 2, 2017

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For those who enjoy a full-service experience when they travel, staying at a hotel can turn into an expensive enterprise. Paying for gratuity alone can become costly if someone takes advantage of amenities like room service or bellhops. But while guests are quick to tip waiters and baggage carriers without a second thought, this same courtesy does not often extend to housekeeping staff. According to the American Hotel and Lodging Association, fewer than a third of guests leave gratuity for Continue reading →

Motivation, Ethics, Compensation, Tipping, Hotels, Marriott

Chapter 1: Taking Risks and Making Profits, Chapter 4: Ethics and Social Responsibility, Chapter 10: Motivation, Chapter 11: Human Resource Management